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RE: The overnight rise in Bitcoin Cash - The coup d'état against Bitcoin Core
Ive never heard anyone call it BTH, only BCC BCH. Also what an intriguing statement, "Roger and his mate Jihan Wu are the architects behind this recent surge in BTH's value, they have manipulated the market by using proxy's in Korea to artificially prop up the value of BTH. They have done this for 2 reason's. To make it more lucrative for the larger mining operations (mainly in China) to switch to BTH and to unnerve BTC owners so they sell out into BTC or the other Altcoins"
I would be surprised if that was true, do you have any source for this.
Sorry, that was a typo, fixed now. No source, just my analysis. If you look at the where the volume has been coming from its Korea. During the peak the volume coming from Chinese and Japanese exchanges were relatively normal. So why a sudden and huge increase in volume from Korea? Koreans love the BTC and there is no reason that I can see for Koreans to run from the safe harbour of BTC to the unchartered waters of BCH. Roger Ver has the BTC and BCH reserves to pull this off and he has certainly made plenty of cloaked threats to use those reserves. Next stage is Chinese miners switching to the now more profitable BCH. BCH now has the top spot in terms of volume through exchanges. The power of the collective is whats moved Bitcoin to new heights of late, we have seen the sudden rise of NEO also, so if this movement gains momentum it could be very problematic. Hopefully BTC will outlast this attack of sorts and if it does, it will take on even more gains due to increased investor confidence